Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

6. INTANGIBLE ASSETS

The Company's intangible assets at March 31, 2019 and December 31, 2018 consisted of the following:  

March 31, 2019

Intangible Assets	Cost		Accumulated Amortization		Net
Patents	$	622,733	$	453,057	$	169,676
Trade names and trademarks		1,649,880		567,933		1,081,947
Customer list		525,663		74,469		451,194
Product formulas		262,832		37,235		225,597
Royalty rights		160,000		101,682		58,318
Total intangible assets	$	3,221,108	$	1,234,376	$	1,986,732

December 31, 2018 

Intangible Assets	Cost		Accumulated Amortization		Net
Patents	$	622,733	$	439,972	$	182,761
Trade names and trademarks		1,649,880		561,449		1,088,431
Customer list		525,663		48,186		477,477
Product formulas		262,832		24,093		238,739
Royalty rights		160,000		97,196		62,804
Total intangible assets	$	3,221,108	$	1,170,896	$	2,050,212

Amortization expense related to intangible assets was $63,480 and $17,570 for the three months ended March 31, 2019 and 2018.